If United States real interest rates rise, international repercussions put ____________ pressure on the price level and _______________ pressure on Real GDP in the United States
A) upward; upward
B) upward; downward
C) downward; upward
D) downward; downward
D
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The domestic opportunity cost of producing a television in the United States is 20 bushels of wheat. In Korea, the domestic opportunity cost of producing a television is 10 bushels of wheat. In this case
A. the United States has a comparative advantage in the production of televisions. B. Korea has a comparative advantage in the production of wheat. C. mutual gains from trade can be obtained if the United States imports televisions from Korea and Korea imports wheat from the United States. D. mutual gains from trade can be obtained if the United States imports wheat from Korea and Korea imports televisions from the United States.
Refer to Table 19-16. Given the information above, what can we say has happened in the economy from 2015 to 2016?
A) The price level has remained constant. B) The price level has fallen. C) The price level has risen. D) Not enough information is available to determine what has happened to prices.
A positive externality is one in which there is an external benefit bestowed on a third party>
a. True b. False
The 100 largest U.S. firms currently control
a. about half of all manufacturing assets in the United States, which represents a decrease since World War II b. about half of all manufacturing assets in the United States, which represents an increase since World War II c. about half of all manufacturing assets in the United States, which represents no change since World War II d. about 40 percent of all manufacturing assets in the United States, which represents a decrease since World War II e. about 40 percent of all manufacturing assets in the United States, which represents an increase since World War II